Diversified Royalty (TSE:DIV) Shares Cross Below 50-Day Moving Average – Here’s Why

Diversified Royalty Corp. (TSE:DIV)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.89 and traded as low as C$2.79. Diversified Royalty shares last traded at C$2.81, with a volume of 157,524 shares traded.

Diversified Royalty Stock Up 0.7 %

The stock’s 50-day moving average price is C$2.89 and its two-hundred day moving average price is C$2.91. The stock has a market capitalization of C$464.91 million, a PE ratio of 13.38 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73.

Diversified Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date is Friday, February 14th. Diversified Royalty’s dividend payout ratio is presently 119.05%.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments.